Common use of 2007 Transition Rule Clause in Contracts

2007 Transition Rule. (i) If, under the terms of any Other Arrangement in effect on the Effective Date (disregarding this Agreement), payment of the Executive’s Base Amount was scheduled to begin before January 1, 2008, payment of the Executive’s Base Amount shall begin at the time prescribed by the terms of such Other Arrangement. (ii) If paragraph (i), above, does not apply: (A) Payment of the Participant’s Base Amount shall not begin before January 1, 2008; and (B) If this Agreement prescribes that payment of the Base Amount should begin before January 1, 2008, payment of such Base Amount shall begin on Interpublic’s first semi-monthly pay date for January 2008. The first payment due in January 2008 shall include a make-up payment equal to the sum of the payments that, if not for the delay required by the preceding sentence, would have been made before Interpublic’s first semi-monthly pay date for January 2008. Interest shall not be added to any payment that is delayed by reason of the application of this Section 2.5.